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Docj
Posts: 998
Incept: 2009-09-10
Duck & Cover
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For commentary, I can't improve on this summary from ZH: Tyler Durden wrote..Overall a report that confirms that 6 years after the start of the Depression, propped by some $15 trillion in central bank reserve liquidity injections the bulk of which has been used to prop stock markets, there is still no actual improvement in the economy. As you've pointed-out for years KD, there simply cannot, and will not, be any material improvement in the state of the economy until the infections that caused the depression (huge piles of backed-by-wishing-and-fantasy-and-fraud debt emission) in the first place are forced out into the sunlight, recognized, and dealt with the way they should be - bankruptcy. TPTB seem to be willing, to this point, to do literally anything to keep that from happening - and I rhetorically, and with malice aforethought, ask, "Why?"
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The preservation of liberty depends upon the intellectual and moral character of the people. As long as knowledge and virtue are diffused generally among the body of a nation it is impossible they should be enslaved. - John Adams
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Ktrosper
Posts: 1498
Incept: 2010-04-06
ft collins co
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Docj wrote..... there simply cannot, and will not, be any material improvement in the state of the economy until the infections that caused the depression (huge piles of backed-by-wishing-and-fantasy-and-fraud debt emission) in the first place are forced out into the sunlight, recognized, and dealt with the way they should be - bankruptcy. I think of the damage they've done to the concept of "equal justice" and the rule of law in attempting to hide the TBTF insolvencies and I don't see us getting healthy without repairing that... no matter how many BK's are allowed to happen. Hell, I dunno that it's even repairable.
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The unexamined life is not worth living.-Socrates
The only stable state is the one in which all men are equal before the law.-Aristotle
Liberty exists now in the spaces government has not yet chosen to occupy.-Doc Zero
I anticipate that 10 Dallas Cowboys Cheerleaders will blow me this evening.-K.D
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Elkad
Posts: 106
Incept: 2009-09-04
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I'm one of those new claims.
Dec 31st corporate showed up mid-day, said "this store is closed, everyone pack your tools and go home". No warning at all.
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"The budget should be balanced, the Treasury refilled, public debt reduced, the arrogance of officialdom tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." - Cicero - 55 BC
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Docj
Posts: 998
Incept: 2009-09-10
Duck & Cover
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Sorry to read that, Elkad. Hang in there and good luck.
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The preservation of liberty depends upon the intellectual and moral character of the people. As long as knowledge and virtue are diffused generally among the body of a nation it is impossible they should be enslaved. - John Adams
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Killersdad
Posts: 1035
Incept: 2008-03-27
upstate NY
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Elkad,
Sorry to hear that.
If you don't mind could you give us more info on this?
Type of business and general location etc.
Thanks, Killersdad
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They keep talking about drafting a Constitution for Iraq ...why don't we just give them ours? It was written by a lot of really smart guys, it has worked for over 200 years, and we're not using it anymore.
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